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2026 is unlikely to be kind to Russia’s economy as strains on fossil fuel revenues will hamper military spending and their continuing invasion. So in this video we’ll discuss the problems Putin could face and why next year could be a bad year for him.
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Sources:
Oil revenues 2022
https://energyandcleanair.org/wp/wp-content/uploads/2022/06/Financing-Putins-war-100-days_20220613.pdf
Brent crude prices
https://tradingeconomics.com/commodity/brent-crude-oil
Russian revenues down (Bloomberg Report)
https://www.bloomberg.com/news/articles/2025-12-16/putin-s-war-chest-hammered-by-lower-oil-exports-and-falling-prices
Russian revenues down
https://www.forbes.com/sites/rrapier/2025/11/28/russias-oil-revenues-are-falling-fast-as-fiscal-pressure-mounts/#:~:text=Russia’s%20flagship%20Urals%20crude%20has,of%20the%202022%20price%20collapse.
https://united24media.com/war-in-ukraine/are-sanctions-working-russias-oil-revenue-collapse-says-it-all-14363
Urals oil discount widening https://www.reuters.com/business/energy/russias-urals-oil-price-discount-widens-23-november-central-bank-says-2025-11-27/
Russia’s 2025 fossil fuel exports
https://energyandcleanair.org/july-2025-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions/
Global oil oversupply
https://www.bloomberg.com/news/articles/2025-10-18/oil-s-long-awaited-surplus-arrives-on-billion-barrel-flotilla
https://www.bloomberg.com/graphics/2025-global-oil-supply-prices/?embedded-checkout=true
EIA 2026 oil supply forecast
https://www.eia.gov/todayinenergy/detail.php?id=64565
Oil prices jump as US attacks Venezuelan oil tankers https://oilprice.com/Energy/Energy-General/Oil-Prices-Rise-as-the-US-Escalates-Its-Tanker-Crackdown-Off-Venezuela.html
